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Dec 14, 2012
12/12
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i argued that basically we were at risk of what i call a hotel california, monetary policy, going back to the eagles song which is you can check out any time you want but you can never leave. that's what i worry about. theoretically we can check out any time we want from this program but we practically, because we're going to have an engorged balance sheet, we may never be able to leave this position. so i have some concerns. i was concerned about the 2.5% mention, even, of inflation one or two years out in terms of expectations. the market becomes fixated on the unemployment target that we actually install its threshold, not a target that we put in there. but, i lost my arguments. there are others that argued similarly. they'll let them speak for themselves. but here's the thing, the committee makes a decision under the leadership of ben bernanke. this is ben bernanke's fed. its his legacy going forward, and then we leave the table and we're still friends. so, can i sell it to you? i can't sell it with passion. but i will say that this is action in a city called washington, or sometim
i argued that basically we were at risk of what i call a hotel california, monetary policy, going back to the eagles song which is you can check out any time you want but you can never leave. that's what i worry about. theoretically we can check out any time we want from this program but we practically, because we're going to have an engorged balance sheet, we may never be able to leave this position. so i have some concerns. i was concerned about the 2.5% mention, even, of inflation one or two...
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Dec 17, 2012
12/12
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his hotel, california, who wrote that song? >> eagles. >> i'll give him prince. >> we're going to party like it's 1999? >> yeah, we can party like it's 1990. listen, i'm not talking about the economy, i'm talking about -- you have so much money. >> raspberry. >> red beret. >> i didn't say red beret i cedras berry beret. >> i don't have monitors. >> so then, we will get to 6.5% on track in unemployment? this will work? >> now you're asking me a different question. >> do you believe in the new normal? like the pimco idea that we're going to have subemployment, permanently. >> the question that the fed is taking a chance. this is a different way to put it. the fed is taking a chance that 6% is where you start triggering inflation, okay? that's the real trigger here. >> on unemployment. >> they're going to go to 6.5. i think the fed is that they're not going to trigger until you get to 6%. i think that's the best i get out of this. >> i don't know if that's right. the question is do you trigger at 7%. you could trigger the real eco
his hotel, california, who wrote that song? >> eagles. >> i'll give him prince. >> we're going to party like it's 1999? >> yeah, we can party like it's 1990. listen, i'm not talking about the economy, i'm talking about -- you have so much money. >> raspberry. >> red beret. >> i didn't say red beret i cedras berry beret. >> i don't have monitors. >> so then, we will get to 6.5% on track in unemployment? this will work? >> now you're...
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Dec 10, 2012
12/12
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then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for appearing this morning. >> thanks for having mean >> okay. >> when we come back, the headline number on friday's jobs report shows better than expected payroll gains. but there were sceigns of weakns in the participation rate and downward provisions to earlier reports. steve liesman joins us next with more on how economists are reacting to those numbers. >>> tomorrow, "squawk box" is kicking off a special day of fiscal cliff coverage. rise above: mission critical. becky quick and jim cramer, live in washington. 33 special guests, grover norquist, congressm
then add 13.8 in california. and you're a small business, running as an "s" corporation, should you really pay higher than 50% of income into government? that's before any sales tax. that's before paying the cable tax to watch this show. that's before paying the water tax when you take a shower. think about that. and people want to just give more? and hope spending cuts will come at some later today? >> congressman, we hear you. we appreciate it. and thanks for appearing this...
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Dec 24, 2012
12/12
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>> california. >> california? >> yeah. this is interesting. a couple of years ago, i was coming on every show and talking to people and people weren't touching it. >> i can't tell you exact yields, but illinois is still hanging in there. they're a major issuer of debt. >> have you got a loser for us? a little coal in the stocking? >> puerto rico. >> puerto rico? >> puerto rico is just -- it's a sad situation. $67 billion in debt outstanding. their debt to gdp approaches greece-like levels. and they went so far as to bond out their debt service. issuing bonds to pay their interest and that is just a true muni bond person. that is like a knife in the heart, pain. >> don't go anywhere. stick around for the rest of the hour. thank you for being here on this holiday. >> glad to be here. >> what are you looking at? >> nothing. >> the red. >> it's like orange on camera. >> it is a little orange. >> is this a holiday? you keep saying that. >> we've been doing all sorts of holiday things. really? >> so it is the holidays? >> yes, it is. >> i've got to
>> california. >> california? >> yeah. this is interesting. a couple of years ago, i was coming on every show and talking to people and people weren't touching it. >> i can't tell you exact yields, but illinois is still hanging in there. they're a major issuer of debt. >> have you got a loser for us? a little coal in the stocking? >> puerto rico. >> puerto rico? >> puerto rico is just -- it's a sad situation. $67 billion in debt outstanding. their...
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Dec 13, 2012
12/12
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still scattered snow showers in parts of the -- let's see, parts of the mountains in california. not only portions of the san gabrielle mountains, but also the mountains in sierra, nevada. it's going to cause some backups in places. san diego, you might have a few delays there. in vegas, miami and new york, minor to no delays whatsoever. that's the good news. very quickly, let's talk about the east coast. so far, so good. scattered showers on parts of the coast, but new york city expecting a high of 45 today. mostly sunny in the ohio valley, into parts of the northeast. still scattered showers in parts of south florida getting very close to the record, the yearly record of rainfall in miami. as we wrap it up, from fargo and on the other side of the river, expect snow showers. still balmy, beautiful showers in dallas. mostly sunny and 65. back to you. >> reynolds, thanks so much. thanks for flag along. >> you bet, guys. >>> americans want action when it comes to the fiscal cliff. john, you'll give us some of the highlights, but with what we've told them about what will happen if w
still scattered snow showers in parts of the -- let's see, parts of the mountains in california. not only portions of the san gabrielle mountains, but also the mountains in sierra, nevada. it's going to cause some backups in places. san diego, you might have a few delays there. in vegas, miami and new york, minor to no delays whatsoever. that's the good news. very quickly, let's talk about the east coast. so far, so good. scattered showers on parts of the coast, but new york city expecting a...